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Russia unlikely to take part in OPEC's June meeting, separate talks possible

Russian Energy Minister Alexander Novak earlier this month.
Sergei Karpukhin | Reuters
Russian Energy Minister Alexander Novak earlier this month.

Russia is unlikely to part in an OPEC meeting in Vienna scheduled for June 2, Russian Energy Minister Alexander Novak told reporters on Friday.

He added that Russia, the world's top oil producer but not an OPEC member, was ready to meet separately with the oil-producing cartel if such an offer was made. Novak also said he certainly planned to meet Saudi Arabia's new Energy Minister Khaled al-Falih.